Money Laundering Reporting Officer

Job Summary

The Money Laundering Reporting Officer (MLRO) will be responsible for overseeing and ensuring the company's compliance with anti-money laundering (AML) and counter-terrorist financing (CTF) regulations and requirements in Singapore. The MLRO will play a critical role in preventing and detecting any potential financial crime activities within the organization.

Job Duties and Responsibilities

• Develop and maintain an effective AML/CTF program in accordance with Singapore's regulatory framework.
• Monitor transactions, customer profiles, and account activities for suspicious patterns and potential risks.
• Conduct ongoing risk assessments to identify vulnerabilities and implement necessary controls.
• Stay updated with local and international AML/CTF regulations and ensure the company's policies and procedures are aligned.
• Lead and provide AML/CTF training to employees to raise awareness and ensure a culture of compliance.
• Act as the main point of contact for regulatory authorities and law enforcement agencies regarding AML/CTF matters.
• Investigate and report any suspicious activities to relevant authorities as required by law.
• Collaborate with internal teams to implement effective risk management strategies and ensure compliance with internal policies.
• Prepare and submit regular reports on AML/CTF activities and issues to senior management and the Board of Directors.
• Conduct periodic audits and assessments to evaluate the effectiveness of the AML/CTF program and recommend improvements.
• Perform any other related lawful duties that may be given by the management from time to time.

Job Requirements

• Bachelor's degree in finance, law, business, or a related field.
• Professional certification in AML/CTF (e.g., ACAMS) is highly preferred.
• A minimum of 8 years of relevant experience in AML/CTF compliance within the financial services sector.
• Thorough understanding of Singapore's AML/CTF regulations, guidelines, and reporting requirements.
• Strong analytical skills to identify unusual patterns and potential risks.
• Excellent communication skills to effectively liaise with internal teams, regulators, and law enforcement agencies.
• Proven ability to lead, manage, and train a team of compliance professionals.
• Detail-oriented mindset and ability to work independently in a fast-paced environment.
• Proficiency in relevant compliance software and tools.
• High ethical standards and commitment to maintaining the highest level of integrity.